What is a Security Deposit Disclosure?

The security deposit disclosure is a signed document that represents your understanding of your responsibilities regarding the security deposit

The Security Deposit Disclosure is a contract that signifies your intent to rent the home that you have put the security deposit on. By signing it, you understand that your deposit WILL NOT be refunded if you do not complete the terms of your lease. After your lease terms are up, your security deposit will be returned to you, minus any unpaid rent/fees or cost for damages.